A regional property management business in the San Francisco Bay Area
Our Case Studies
"Their counsel has always been readily available, insightful and positively delivered."
A Client Case Study: The Metropolis Trust Building
Summary
Marty Smith, President & Co-Owner of Alhouse Deaton discusses a capital improvement project during a conference in Boston, MA. For many commercial real estate investors a project of this scale could deter purchasing without the right counsel. SEE THE VIDEO TO VIEW THE FULL STORY
A Client Case Study: The Metropolis Trust Building
Summary
Marty Smith, President & Co-Owner of Alhouse Deaton discusses a capital improvement project during a conference in Boston, MA. For many commercial real estate investors a project of this scale could deter purchasing without the right counsel. SEE THE VIDEO TO VIEW THE FULL STORY
Roof and HVAC Replacement for Office Complex in Walnut Creek
Summary
The roof and HVAC equipment were in need of replacement. By combining the projects, the owner saved approximately 20% of the overall cost of completing the projects separately.
Description
We have built a dynamic team of professionals who create outstanding work environments and add value to the property.
Project Scope of Work
The Alhouse Deaton team managed the project that included:
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Collaborated with ownership to prepare a project scope of work and timeline.
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Formed a project team of highly trained consultants, vendors and contractors.
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Supervised bid process, materials selection to value engineer the project.
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Lead the weekly construction meetings through the construction period.
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Finalized scope of work and close-out package that included final permits, lien waivers, material warranties and vendor warranties.
Result
Due to the updated HVAC equipment and newly installed white foam roof, energy cost decreased by 12% in the first year following the replacement.
Project Management Case Study:
Tenant Improvement
Summary
The work environment for tenants is constantly changing. Blending a building’s intrinsic character and charm with the operational needs of today’s modern businesses requires a highly skilled project team.
Description
We have built a dynamic team of professionals who create outstanding work environments and add value to the property.
Project Scope of Work
The Alhouse Deaton team managed the project that included:
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Collaborated with ownership to prepare a project scope of work and timeline.
-
Formed a project team of highly trained consultants, vendors and contractors.
-
Supervised bid process, materials selection to value engineer the project.
-
Lead the weekly construction meetings through the construction period.
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Finalized scope of work and close-out package that included final permits, lien waivers, material warranties and vendor warranties.
Results
We create cost-effective beautiful work place environments designed for the needs of the tenant and can be adapted to many future uses. Being able to offer a contemporary work environment creates demand in a competitive market
Centre Pointe Business Park
Client Summary
Owned by an institutional investor with the intention of maintaining strong cash flow while renovating areas of deferred maintenance.
Description
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Located in Shadelands Sub-market of Walnut Creek
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Six building suburban office complex
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Total of 197,496 sq. ft.
Project Scope of Work
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Expenses were reduced 14% in the first year of management.
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Operating expenses, including property taxes, have been limited to an average annual increase of 1.54% through the first 5 years of management.
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Annual budget variance on operating expenses has been on average, less than 5% of the annual budget.
Results
The Alhouse Deaton team successfully managed the project with the following results:
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Renewed 80% of the expiring tenants in the first 5 years management.
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Completed a $1,100,000 exterior renovation project on schedule and on budget.
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Completed a $1,650,000 common area and RR renovation
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Completed $800,000 HVAC upgrades
$1.2 Million Exterior Resurface Project
(Two-Buildings, 125,763 sq. ft., Office Complex in San Bruno)
Description
The exterior concrete walls and windows were signs of physical deterioration and inadequate water proofing seals. Total project cost was $1,200,000.
Project Scope of Work
The Alhouse Deaton team managed the project that included:
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Collaborated with ownership to prepare a project scope of work and timeline.
-
Formed a project team of highly trained consultants, vendors and contractors.
-
Supervised bid process, materials selection to value engineer the project.
-
Lead the weekly construction meetings through the construction period.
-
Finalized scope of work and close-out package that included final permits, lien waivers, material warranties and vendor warranties.
Results
Completed the project on time and on budget. The exterior surface sealant eliminated moister intrusion in to the building and made a significant improvement in the aesthetic appeal of the project. Window sealer eliminated moister from penetrating in to tenant spaces and common areas of the buildings.